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Microsoft has added a payment system to Teams

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Microsoft has added a payment system to Teams

The collaboration platform Microsoft Teams also got a payment system
(photo: Microsoft Tech Community)

Microsoft added payments to the popular one enterprise collaboration platform Teams. Now SMBs can collect payments during meetings, classes, one-on-one sessions, webinars, and moreugh events. The service is currently available to entrepreneurs from the US and Canada.

The new system, which will allow companies to hold webinars or private sessions and accept payments for them, was prepared by Microsoft in partnership with services GoDaddy, PayPal and Stripe, making it free for business users of Teams, reported The Verge.

There is no longer a need for business leaders to meet in person with an accountant or attend classes – it can all be done in a virtual format. “I’m not sure I’ll ever see my accountant in person again,” says Brenna Robinson, general manager of Microsoft 365 for small and medium businesses.

“We realized that we may not need to attend all of these meetings in person,” she adds in a comment about the new functionality of Teams.

The payment app in Microsoft Teams will allow users to track the receipt of money or any pending payments during the meeting, and customers are provided with several payment options.

Stripe and PayPal are already integrated into a public preview of Teams, with support for GoDaddy payments coming soon. The Microsoft Teams Payments app can be downloaded from the Microsoft AppSource online store.

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